12 CFR 1012.205 - Suspension notice prior to effective date.

Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart D [§ 1012.105 - § 1012.239]

§ 1012.205 - Suspension notice prior to effective date.

A suspension pursuant to § 1010.45(a) of this chapter shall be effected by service of a suspension notice which shall contain:

(a) An identification of the filing to which the notice applies.

(b) A specification of the deficiencies of form, disclosure, accuracy, documentation or fee tender which constitute the grounds under § 1010.45(a) of this chapter, of the suspension, and of the additional or corrective procedure, information, documentation, or tender which will satisfy the Director's requirements.

(d) A notice that, unless otherwise ordered, the suspension shall remain in effect until 30 days after the developer cures the specified deficiencies as required by the notice.

authority: 12 U.S.C. 5512,5581; 15 U.S.C. 1718.

source: 76 FR 79524, Dec. 21, 2011, unless otherwise noted.

cite as: 12 CFR 1012.205